Bitcoin Setup ‘Exact Same’ Like Gold’s 1657% Explosion During 1970s, Says Seasoned Trader, But Critics Have Something To Add
Posted On May 27, 2025
Seasoned cryptocurrency investor Fred Krueger on Monday drew a historical parallel between the 1970s gold price surge and the projected trajectory of Bitcoin (CRYPTO: BTC) over the next decade.
What happened: In an X post, Kruger posted a chart showing the average annual growth of gold prices in the 1970s, beginning at $35 per ounce and rising to $615 by 1980, marking a whopping 1657.14% increase.
Krueger argued that Bitcoin could follow an “exact same” pattern in the next decade, driven by what he deemed as a desire to exit the traditional financial system
“In both cases we went from “everything is amazing” to “everything is crap” in a decade,” he added. “Perfect analogy.”
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